Social impact refers to the significant effect that an organization, project, or action has on the well-being of individuals and communities. It encompasses the positive or negative changes that occur in social structures, relationships, and the environment due to various initiatives. Social impact can be evaluated in terms of various indicators, such as improved health, education, economic stability, and overall quality of life.

Organizations, especially non-profits and businesses with a social mission, often aim to create positive social impact through their activities. This can involve addressing issues such as poverty, inequality, education access, and environmental sustainability. Measuring social impact can involve both quantitative and qualitative methods, allowing stakeholders to assess the effectiveness and reach of initiatives. Ultimately, social impact emphasizes the importance of contributing to the greater good and enhancing the social fabric of society.